Bryan Garnier - Software and IT Services: Oracle Q4 FY18 results: negative read-across for European software stocks

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Bryan Garnier

Gregory Ramirez

Software and IT Services: Oracle Q4 FY18 results: negative read-across for European software stocks

Software and IT Services
Oracle Q4 FY18 results: negative read-across for European software stocks
Yesterday evening, Oracle reported Q4 FY18 sales (FYE 31st May) at the mid-point of company guidance and non-GAAP EPS 5% above consensus. Q1 FY19 guidance is in line with consensus for sales, but below estimates on non-GAAP EPS. In addition, due to the introduction of the BYOL model, Oracle does not disclose figures of new licence sales, maintenance and cloud subscriptions anymore. We view these numbers as a negative read-across for European software stocks.

20/06/2018 3 EN

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Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Gregory Ramirez

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Software and IT Services: Oracle Q4 FY18 results: negative read-across for European software stocks

BIC forced to cut FY25 outlook after a perfect storm in Q1

Dassault Systèmes: not a great start to 2025

BONESUPPORT: Q1 revenue beats, but FX-driven EBIT miss masks solid momentum

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